Honestly, I am not very sure about the count. But it seems to me that we should count this as this. This would make the fifth wave a failure
I think this is the structure we are looking at this stage, but to be honest I am not sure where should we aim for wave 5. So I'd say wait for divergence and jump in the short train. W3^W1: 1.68-2.272 W2^w1: 0.786 w4^w3: 0.618 W5@: ?
I think we're about to complete the larger impulse wave, we've only got one more subway to go up. Once we confirm an impulse wave completion, I'd aim a conservative 0.385 retracement.
I think we are witnessing a five wave completiotion here, there coult just be another sub-sub level up before we head for a correction. We could aim a conservative 0.382 for a profit of %20! lets keep a close eye on this
For this one I prevented myself from going back and do a through Elliot wave count, I just glanced at the back data and it seemed like a motive wave, begging for a correction. The correction made so far seemed too small so I am assuming an ABC, with a B wave going almost perfectly to 0.618. Gonna aim for a one to one extension of wave a, with stop loss placed just...
ALthough I'm not very convinced of the larger EW structure, I think in the mocro level its a good idea to enter a long order
I think we are now completing the C wave down before we go up for the fifth wave up to complete the impulse wave. However, no matter how hard I look I cannot see a five wave pattern in the C wave being completed to go in for a long. It seems that now we have the three waves and there should be another wave down if its gonna be a classic ABC, setting for a long. If...
I think this stock has followed a semi-clean Five wave up, Three waves down from its inception and now is possibly going for completing the third wave. I the mentioned third wave, I think we can now identify the two sub-waves of the first leg in the weekly.
I think this is the possible wave count. However, it seems to clean so I a bit worried since nothing's ever that straight forward in trading. Anyhow, I think there's an opportunity to enter a trade aiming at the completion of wave 5 at 2.6 fib level.
I think this could be available Elliot wave count. If the count is correct, we should now be looking for the fifth wave to complete the third wave. I don't think currently is a good time to enter, before we find the fifth wave. RSI is very high right now
I am unable to detect a valid Elliot correction pattern in the correction which began in Summer 2018. I think I can identify a five wave pattern coming down, therefore, I'm inclined to assume that we have now just witnessed the wave A of the correction. Based on the RSI numbers and RSI divergence I am assuming thag that the A wave can be over and it should be safe...
This is how I call this extremely long trend, started in 1989 , based on Elliot wave structure
I think we should expect a forth wave daown, and then another one up
So right now there could be two possible counts. Either the five waves are over, or we are witnessing the wave four and should aim for another wave up. I am more inclined towards being on the forth wave up. simply because there isn't a diversion visible on RSI as of yet.
I think this is what's happening on Amazon stock. SO I think we can expect another minor wave up to complete the five wave structure Based on Elliot wave
I'd be very interested in shorting this stock at the end of its fifth wave. Being patient, looking for signs of divergence